Micron Technology, Inc. (NASDAQ:MU) Stock Sees The Needle Move 0.32%

August 12, 2017Newswire

Micron Technology, Inc. (NASDAQ:MU) shares saw the needle move 0.32% on the week. The stock closed the most recent session at $28.01 after seeing 23296182 shares trade hands. This represents a change of 2.08% from the opening.

The closing price represents the final price that a stock is traded for on a trading day. It’s the most up-to-date valuation until trading begins again on the next day. However, most financial instruments are traded after hours, which means that the the closing price of a stock might not match the after-hours price. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time. The closing prices are compared day-by-day to look for trends and can measure market sentiment for any security over the course of a trading day.

On any given trading day, supply and demand fluctuates back-and-forth because the attractiveness of a commodity’s price rises and falls. Because of these fluctuations, the closing and opening prices are not necessarily identical. A number of factors can affect the attractiveness of a stock in the hours between the closing bell and the next day’s opening bell. For example, if there is good news like a positive earnings announcement, the demand for a stock may increase, raising the price from the previous day’s close. It follows that bad news will negatively affect price.

RECENT PERFORMANCE

Let’s take a look at how the stock has been performing recently. Year to date Micron Technology, Inc. (NASDAQ:MU) is 27.78%, -3.18% over the last quarter, and 16.47% for the past six months.

Over the past 50 days, Micron Technology, Inc. stock’s -15.02% off of the high and 2.71% removed from the low. Their 52-Week High and Low are noted here. -15.02% (High), 97.11%, (Low).

RSI

Technical analysts have little regard for the value of a company. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Analysts use common formulas and ratios to accomplish this.

Micron Technology, Inc. (NASDAQ:MU)’s RSI (Relative Strength Index) is 39.31. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.

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